XTRD is comprised of a team of veteran Wall Street commerce specialists
with a mission to unify the cryptocurrency exchanges. This mission has
manifested in four product that ar all interconnected. These product ar a
unified FIX API almost like ones already used for prime volume
commerce, one purpose of Access (SPA) for cryptocurrency exchanges to
extend liquidity, a downloadable commerce platform to known as XTRD
professional, and a centralized Dark Pool for turning crypto into
enactment. With a safer and concrete infrastructure, entities equivalent
to banks, hedge funds, and enormous institutional traders will simply
access cryptocurrency markets.
As large as the crypto market is currently, there are still some
inadequacies when it comes to large volume trades. Exchanges do not have
the needed liquidity to handle big transactions, and if, for example,
there is a buy order for 1 million units of a certain crypto asset,
before 10% of the order is filled, the demand will cause a spike in the
price of the asset. In the end, the buy order price would have to be
increased, and the same will continue steadily until the order is
filled. This lack of liquidity causes significant “slippage” of value;
experts estimate a slippage of about 5–10% per trade.
XTRD
is comprised of a team of veteran Wall Street commerce specialists with
a mission to unify the cryptocurrency exchanges. This mission has
manifested in four product that ar all interconnected. These product ar a
unified FIX API almost like ones already used for prime volume
commerce, one purpose of Access (SPA) for cryptocurrency exchanges to
extend liquidity, a downloadable commerce platform to known as XTRD
professional, and a centralized Dark Pool for turning crypto into
enactment. With a safer and concrete infrastructure, entities equivalent
to banks, hedge funds, and enormous institutional traders will simply
access cryptocurrency markets.
The following problems are associated with cryptocurrency trading
A complex web of exchanges
A
combination of differing KYC policies associated with APIs, funding,
and interfaces will result in a fragmented patchwork of liquidity for
the cryptocurrency. Major concerns for traditional cryptocurrency market
participants range from liquidity and hacking prevention to unmitigated
slippage and counterparty risks.
High fees:-
The
exchange commissions associated with trading of cryptocurrencies
typically are in 0.1%-0.25% range per transaction, which are 10 to 25
basis points. The effective fees of transactions are much higher when
taken into spreads and bids maintained by the exchanges. There is
generally no central regulator or authority for examining internal
exchange orders that systematically separates customer activity from
proprietary activity, which can ensure fair pricing.
Thin liquidity:-
If
not managed correctly and executed only on the exchange, a single order
to purchase USD1,000,000 worth of cryptocurrency can cost an additional
USD50,000-USD100,000 per transaction to the investors due to the lack
of liquidity.
XTRADE offers the following solutions
Three
separate products in sequential stages will be launched by XTRADE to
solve the problem of low per market liquidity, decentralized execution
in cryptocurrency space, and unfamiliar interfaces.
Stage 1. Implementation of the Multi Exchange Fix API
Xtrade
will launch a universal low latency Financial Information eXchange
(FIX) based API that will be connected to all cryptocurrency exchanges
to make it easy for major algorithm traders, major institutions, and
hedge funds to access all cryptocurrency markets by coding to just one
FIX application.
Stage 2. Launching the XTRADE pro-trading platform
A
highly robust, multi-exchange stand-alone trading platform will be
launched by Xtrade in 2018 for active cryptocurrency traders around the
world.
Stage 3. SPA (Single Point of Access) cross-exchange/liquidity aggregation
This
platform will create a single unified point of access during stage 3 of
development. It will aggregate liquidity across exchanges for
cryptocurrency traders. In addition, it will allow traders to clear at
the best possible price while systematically delivering the lowest
possible transaction cost. It will also deliver atomic swap capability
all within just one client-side account.
Why is XTRADE good project?
This
platform wants to it simple for investors to effectively interact with
cryptocurrency markets. Price transparency: It will aggregate prices
from all exchanges in real-time. It means that if any cryptocurrency is
trading at a discount half across the world, cryptocurrency will know.
Lower execution cost: This platform will be able to access lower trading
fee tiers by trading at high volume across exchanges and aggregated
trades. It will then pass the saving onto clients. More liquidity: This
platform will allow cryptocurrency investors and traders to instantly
access liquidity. It will allow for improved arbitrage opportunities,
higher execution quality, and better price.
Reduced
counterparty risk: This platform gives traders the benefits of
worldwide price liquidity and improvement without the counterparty risk.
Reduce Slippage: The liquidity pool aggregation and smart routing tools
break into smaller pieces for ensuring that slippage is a non-issue.
Multiple Markets with One Account: This platform allows investors and
traders for trading multiple markets with a single account with no need
to open separate accounts at different exchanges and systematically
track price manually.
Token Details
Token XTRD
Token Price 0.1 USD
Total raised 31,000,000 USD
Hard cap 45,000,000 USD
Accepting ETH, BTC
ICO start 20th Feb 2018
ICO end 31st Mar 2018
ABOUT XTRD
As
of January 2018, there are over 120 standalone cryptocurrency
exchanges, facilitating trading in more than 1000 individual markets.
Daily trading volume for cryptocurrencies is now equivalent to 20
billion USD, with a total market cap of over $700 billion. The majority
of the trading is concentrated among the top 20 exchanges, denominated
in multiple currencies ranging from crypto ones including Bitcoin and
Ethereum to sovereign ones such as USD, GBP, JPY, CNY, and KRW, among
others. Predictions point to growth toward a $1–2 trillion market
capitalization in 2018, and a corresponding 3% average daily trading
volume of $50 billion or more. Asset managers are beginning to see
increased demand for cryptocurrency exposure in their portfolios, over
500 active funds are being created to enter the market in 2018, and the
regulatory climate is warming. However, the market is nascent, and large
spreads are common between exchanges on the same crypto pairs, allowing
for ample arbitrage opportunities that don’t exist in more efficient
markets. The inefficiency is a product of cryptocurrency trading markets
being highly fractured in terms of execution, account setup, automated
access, liquidity, execution speed, pricing, and security. XTRD was
created by finance and trading professionals to solve those problems by
both improving on and consolidating current trading practices.
ICO INFORMATION
Platform: Ethereum
Accepted: ETH
Start date: Feb 20, 2018
End date: Mar 31, 2018
Soft cap: 0 $
Hard cap: 45 000 000$
Minimal amount: 10 XTRD
Token: XTRD — 0.00814835$
TOKEN PRICE AND TOKEN SALE
XTRD
token is an ERC20 compliant utility token, which is developed on the
Ethereum blockchain just like other popular ICO tokens such as
BunnyToken, Cibus, Amon, Aktie Social, Alttex, THEFANDOME.
It will be used as a primary means of payment by users for obtaining services rendered by this platform.
XTRD tokens will be sold by this platform to accredited investors through a SAFT (simple agreement for future tokens).
The price of one token will be USD0.10 during the ICO sale.
ALLOCATION OF TOKENS
50% of XTRD tokens will be issued for sale during the ICO event.
29% will be held in reserve.
10% XTRD tokens will be allocated as an advisor pool.
10% XTRD tokens will be allocated to a team.
1% tokens will be allocated for bounty rewards.
USE OF XTRD FUNDS
70% of the funds will be used for SPA development.
5% will be used for tech acquisition.
5% will be used for sales and marketing.
5% will be used for legal and compliance purposes.
15% of the funds will be used for platform developments and operations.
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